Market Update: TALF Program Loses Momentum and Insurers Await TARP Decision – Bloomberg

Midday DOW up 60 to 7850, S&P up 9 to 825 and NAS up 27 to 1589. Street happy about uptick restoration (in SEC comment period now) and possible elimination of naked shorts..

Insurers are the latest group to line up with their hands out to get taxpayer money. Maybe they feel safe since they have state regulators, good luck with that. (Bloomberg News)

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And the Federal Reserve’s TALF program fell FLAT. Gee wonder why no one wants to get in bed with this Administration and Congress? SHOCKAH!!!

TALF program is losing momentum that could spell trouble for the bank’s effort to revive consumer lending. (Bloomberg News)

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April 8, 2009. Tags: , , , , , , , , , , , , . Economy, FDIC, Finance, Obama Administration, Politics, TARP, Taxes, Uncategorized, Wall St. Comments off.

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